The Pro Farmer Crop Tour held the market’s attention this week, sending prices higher. With corn and soybean prices jumping each around $1 per bushel in recent months, you have a decision-making opportunity, says Jerry Gulke.
Pro Farmer Crop Tour: How Did Corn Yields Change So Drastically Since Aug. 1?
What prompted Pro Farmer to drop its national corn yield estimate below 170 bu. per acre? The story seemed to be just how much damage the heat and drought did to the crop this year, even since Aug. 1.
Jerry Gulke: Are the Harvest Price Lows Behind Us?
With the price premiums for war, trade distortion, demand destruction and weather fully discounted in the July price collapse, it suggests the stars are still aligned for more fireworks.
Jon Scheve encourages farmers to understand how the market works to avoid missing opportunities. If your grain marketing strategy does not take into consideration basis and spreads, you are severely handicapping yourself.
